Coin highlights: DigiByte

DGB (DigiByte) as Large-cap Coin is 68th in the 2100NEWS ranking. The quality of the order book of DGB is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 14.2. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.

About coin

DGB has been launched in 38 exchanges. DigiByte has never been funded through an ICO or significant amount of premined coins.

DGB as Large-cap Coin is 68th in 2100NEWS ranking (after Index Review of 27th March 2020). It is an Index member: NWST1100, NWSL100, NWSCo100.

Over the past week, the average market cap was $78 million, average daily volume was $2.4 million.

In this paragraph, we will look at how the market, with price changes, evaluates project progress. It seems important to us if the project is out of the ordinary tide of crypto project prices. To make appropriate peer comparison we gauged the DGB (DigiByte) coin with 2100NEWS DA Coin Index (NWSCo100). Looking at the daily chart below, at the top we can see the DGB vs. NWSCo100, in the middle of the chart is the original DGB price, at the bottom of the chart are NWSCo100 and correlation between DGB and NWSCo100. On average (purple area graph), the relationship between DGB and NWSCo100 has shown that DGB was weaker in the rally in January and February but stronger in the collapse in March. In the last four months, NWSCo100 has beaten it by 10%. However, comparing the DGB green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is strong (Pearson’s correlation coefficient = 0.80). DGB was moving in the same direction as the NWSL100 but in the rally phase, it grew slower and falling behind the index. It has been a good representative of the NWSL100 index in terms of price changes.

2100NEWS observation:

According to the roadmap, in 2019 DigiByte focused on quotations on crypto exchanges, which resulted in the listing of 73 pairs on 38 exchanges. In the second quarter of 2019, they activated Odocrypt and launched DigiAssets platform. To act globally means to approach every user or developer. To make this easier, they have translated the website into 20 languages, which we find really remarkable. The plan also includes translations into at least 4 languages. You can follow the latest DigiByte news through standard social media. They have 158.4 K followers on Twitter.

About DigiByte – what they do

DigiByte is a rapidly growing global blockchain with a focus on cybersecurity for digital payments & decentralized applications.

DigiByte is focused primarily on Cyber Security, IOT (Internet of Things) and decentralized currency. The blockchain will (and already is) helping to secure data for the shipping industry (DiguSign), and plans to be a household name in securing and authenticating legal and medical documents. Factory automation is a large use case as well, one which hasn’t been explored yet but which offers a large market of potential. Digi-ID is already being used to authenticate logins for users of a multitude of websites. The real value comes from the blockchain itself, as it’s decentralized and open-source, unable to be affected or shut down by central governments or authorities, similar to bitcoin in that regard. DigiByte largest use case is that of global currency, able to be sent across the earth within a matter of seconds and for fractions of a cent, allowing the possibilities to range from companies saving money on credit card fees to individuals obtaining a way out of their inflationary fiat system.

DigiAssets is a secure, scalable secondary layer on top of the global DigiByte blockchain that allows for the decentralized issuance of assets, tokens, smart contracts, digital identity and much more. DigiAssets can be used to securely and cryptographically represent anything we find in the real world. From real-world assets such as real estate, airplanes, boats and cars to scarce digital pieces of art and music. Signed documents such as wills, deeds, and purchase orders to medical bills and advertisement data and info can be protected as DigiAssets.

General information

The DigiByte blockchain was developed in 2013 and released in January 2014by Jared Tate (Creator & Founder of DigiByte) with an open-source protocol. There is no CEO or a company controlling the DigiByte blockchain. The founder, developers and the community are unpaid volunteers that eliminate the bankrupt risk.

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